Overall trading volume on LIFFE in November increased by 19% compared to November 1999 to 10,893,409 contracts, representing an average daily volume of 495,155 contracts for the month. Volume in all short-term interest rate products rose more than 26% year on year, with LIFFE's flagship contract, the Three Month Euribor future showing the highest growth, trading over 4 million contracts in November, a 27% increase compared to November 1999. Volume in equity products rose 20% year on year, with individual equity options volume increased by 80% over the same period.
LIFFE's Chief Executive, Hugh Freedberg said, "On Monday 27 November LIFFE's Non-Financial Products successfully migrated to LIFFE CONNECT™. This completes the transfer of all LIFFE's products from floor trading to electronic trading within a period of less than 24 months. Since the transfer, one week ago, commodity products have already shown an increase in trading volume, demonstrating that the market is quickly becoming familiar with trading on LIFFE CONNECT ™.
LIFFE now trades a wider range of products and is available in more countries with more business by value entrusted to its technology than any other electronic exchange in the world."
The following records were set in November 2000:
- Three Month Euribor futures set a new daily open interest record of 1,467,269 on 20 November 2000 (previous daily open interest of 1,465,935 set on 13 March 2000).
- Mini FTSE 100 Index set a new daily open interest record of 2,474 on 23 November 2000 (previous daily open interest record of 818 set on 25 October 2000)
- Mini FTSE 100 Index set a new daily volume record of 1,596 contracts on 16 November 2000 (previous daily record of 928 contracts set on 19 October 2000)
